2006 (8) TMI 152

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....e of the Revenue, the Income-tax Appellate Tribunal, Ahmedabad Bench "B", in the matter of Income-tax Appeal No. 1290/Ahd//1992 relating to the assessment year 1990-91 has referred the following question for the opinion of this court: "Whether, the Appellate Tribunal is right in law and in facts in confirming the order passed by the Commissioner of Income-tax (Appeals) deleting additional incom....

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....tional tax at the rate of 20 per cent. The matter ultimately went to the Tribunal, which, after placing its reliance on the judgment of the Delhi High Court in the case of Modi Cement Ltd. v. Union of India [1992] 193 ITR 91, held that the assessee was entitled to the deductions and the additional income-tax could not be levied. The Supreme Court heard the said matter along with the appeal file....